Finolex Industries Update by Epic Research

Finolex Industries has reportedly decided to focus on the former rather than on the resin business, which requires more capital for expansion. To focus on pipes, the company is adding 30,000 tonnes a year capacity through brown-field expansion at its units at Pune, Ratnagiri and Masar, over the next three years. The incremental capex of Rs 90 crore will take the company’s annual capacity to 3.2 lakh tonnes.



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Posted in: Indian Market Tips